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Aggregation Model and Market Mechanism for Virtual Power Plant Participation in Inertia and Primary Frequency Response

Published: March 6, 2025 | arXiv ID: 2503.04854v1

By: Changsen Feng , Zhongliang Huang , Jun Lin and more

Potential Business Impact:

Lets small power sources work together for grid stability.

Business Areas:
Power Grid Energy

The declining inertia provision from synchronous generators in modern power systems necessitates aggregating distributed ener-gy resources (DERs) into virtual power plants (VPPs) to unlock their potential in delivering inertia and primary frequency re-sponse (IPFR) through ancillary service markets. To facilitate DER participation in the IPFR market, this paper proposes a DER aggregation model and market mechanism for VPP partici-pating in IPFR. First, an energy-IPFR market framework is de-veloped, in which a VPP acts as an intermediary to coordinate heterogeneous DERs. Second, by taking into account the delay associated with inertia, an optimization-based VPP aggregation method is introduced to encapsulate the IPFR process involving a variety of DERs. Third, an energy-IPFR market mechanism with VPP participation is introduced, aiming to minimize social costs while considering the frequency response delay characteristics of the participants. Finally, the performance of the proposed ap-proaches is verified by case studies on a modified IEEE 30-bus system.

Country of Origin
🇨🇳 China

Page Count
11 pages

Category
Economics:
General Economics